Why Your Mortgage Just Got Pricier

Heads up if you’re house hunting or thinking about refinancing: mortgage rates just jumped to nearly 7%. The reason? Moody’s downgraded the U.S. credit rating, making Uncle Sam look a bit riskier to lenders. That means higher rates for everyone. If you’re waiting for rates to drop, you might be waiting a while—so run those numbers before locking in a loan! #MortgageRates #HomeBuying #MoneyTips #PersonalFinance #RealEstate